24 Water Street, Urbana

$ 2,700,000

Overview

  • Updated On:
  • May 29, 2026
  • 6,732.00 ft2 Interior
  • 0.74 ac Acres

Description

The Keuka Lakeside Inn presents a rare opportunity to acquire a waterfront hospitality property in the heart of New York’s Finger Lakes Region. Situated along the shores of Keuka Lake with over 230 feet of lake frontage, the offering includes a renovated 17-room inn, 20-slip marina, private boat launch, and a lake-view residence. Located within walking distance of the Village of Hammondsport’s restaurants, shops, wineries, breweries, and attractions, the property benefits from strong regional tourism and established guest demand. Recent improvements throughout the guest accommodations and grounds support continued operations while still offering future growth potential. Multiple income streams from lodging, marina operations, and residential use create flexibility for investors, owner-operators, or hospitality groups. The residential component provides an opportunity for on-site ownership, management housing, or additional rental income. With direct lake access, outdoor gathering spaces, established operations, and expansion potential, this property could also serve as a long-term retirement investment for an owner-operator seeking both lifestyle and income in one of the Finger Lakes’ premier waterfront destinations.

Property Location

Street: 24 Water Street
Tax Area: Hammondsport-Village
County:
Postal City: Hammondsport
State: NY
Zip: 14840
School District: Hammondsport
Waterfront Y/N: Yes
HOA Y/N: No
Directions: From Main St. turn East onto Lake St. Turn left onto Water St. Property is located over the bridge.

Property Details

Property Id: 996175
Price: $ 2,700,000
Property Size: 6,732.00 ft2
Property Lot Size: 0.74 ac
Waterfront Y/N: Yes
Building Sq Ft Total: 6732
Cooling: CentralAir
Directions: From Main St. turn East onto Lake St. Turn left onto Water St. Property is located over the bridge.
Electric: Other
Elementary School District: Hammondsport
Flooring: Carpet, Linoleum, Vinyl
Frontage Length: 239
Heating: Electric, Gas, Baseboard, ForcedAir, WallFurnace
High School District: Hammondsport
Inclusions: Equipment, Inventory, Land, Building and Business, Other - See Remarks
Latitude: 42.411546
Levels: One
List Office Name: Howard Hanna Corning
List Office Phone: (607) 936-4663
List Price: 2700000
Listing Id: R1684936
Living Sq Ft: 6732
Longitude: -77.218765
Lot Features: IrregularLot
Acres: 0.7407
Lot Acres: 0.7407
Lot Dimensions: 239X135
Middle School District: Hammondsport
Status: Active
Operating Expense Includes: Electric, Insurance, Maintenance, Rent, SnowRemoval, Utilities, WaterSewer
Parking Total: 20
Photos: 48
Possession: CloseOfEscrow
Possible Use: HotelMotel
Postal City: Hammondsport
Zip Code: 14840
Description: The Keuka Lakeside Inn presents a rare opportunity to acquire a waterfront hospitality property in the heart of New York’s Finger Lakes Region. Situated along the shores of Keuka Lake with over 230 feet of lake frontage, the offering includes a renovated 17-room inn, 20-slip marina, private boat launch, and a lake-view residence. Located within walking distance of the Village of Hammondsport’s restaurants, shops, wineries, breweries, and attractions, the property benefits from strong regional tourism and established guest demand. Recent improvements throughout the guest accommodations and grounds support continued operations while still offering future growth potential. Multiple income streams from lodging, marina operations, and residential use create flexibility for investors, owner-operators, or hospitality groups. The residential component provides an opportunity for on-site ownership, management housing, or additional rental income. With direct lake access, outdoor gathering spaces, established operations, and expansion potential, this property could also serve as a long-term retirement investment for an owner-operator seeking both lifestyle and income in one of the Finger Lakes’ premier waterfront destinations.
Roof: Shingle
Rooms Total: 17
StateOrProvince: NY
Stories: 1
Street Name: Water
Street Number: 24
Street Number Numeric: 24
Street Suffix: Street
Total Taxes: 27182
Assessed Value: 1333600
Town: Hammondsport-Village
Utilities: ElectricityConnected, WaterConnected
Water Source: Public
Waterfront Features: DockAccess, Lake
Year Built: 1963
YearBuiltDetails: Existing
YearEstablished: 15
Zoning: B1
Zoning Description: Business

Amenities and Features

Other Features
1
Has Cooling System
Has Heating System
Has Waterfront

Map

Courtesy Of : Howard Hanna Corning
(607) 936-4663

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Edelweiss Properties Realtors, LLC are marked with the IDX logo and include the Listing Brokerage’s Name and Phone Number.

All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the Listing Brokerage nor Edelweiss Properties Realtors, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All rights reserved.

Payment Calculator

$ 13,843.43
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 10,468.43

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